FIVE TO SEVEN YEARS RIGORIOUS IMPRISONMENT TO THEN CHIEF MANAGER OF SBI AND FIVE OTHERS FOR CAUSING LOSS OF RS.1.08 CRORE (APPROX) TO BANK

Press Release
New Delhi, 21.03.2017

        The Special Judge for CBI Cases, Madurai (Tamilnadu) has convicted Shri G.P.Radhakrishnan, then Chief Manager; Shri J,Rajagoplan, then Assistant Cashier, both working in SBI, Pudukottai Branch and Shri Shek Amir, Shri Raj kapoor & Shri Siva(all private Persons) and sentenced them to undergo seven years Rigorous Imprisonment. Shri Siva Rangasamy, another private person was sentenced to undergo five years Rigorous imprisonment.

        CBI had registered and investigated the case against Shri G.P.Radhakrishnan, Chief Manager; Shri J,Rajagoplan, Assistant Cashier, both working in SBI, Pudukottai Branch & five private persons. It was alleged that during the year 2002, the accused bank officers entered into a criminal conspiracy with the private persons and facilitated in opening a current account in the name of a non existing firm. In pursuance of said conspiracy, the accused accepted 19 forged cheques purported to have been issued by the UCO Bank, Mumbai which were credited into the account of accused private persons and allowed them to withdraw the same. A loss of Rs.1,08,07,599/-(approx) was caused to the State Bank of India. After investigation, CBI filed a chargesheet against accused persons.

            The Trial Court found the said accused persons guilty and acquitted one private person.


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